Export-led growth
Growth driven by rising net exports (e.g. China).
Causes of economic growth
Key definitions
Consumption-led growth
Rising C shifts AD right.
Investment-led growth
Higher I raises AD and LRAS.
Productivity growth
More output per worker — shifts LRAS.
Human capital
Education and training.
Openness to trade
Specialisation and competition.
Deregulation
Lower barriers to business.
Immigration
Expands labour force and skills.
Technology
Innovation and digitalisation.
Interdependence
Global demand affects export-led economies.
Key concepts
SR growth = AD shifts; LR growth = LRAS shifts.
Relevant tips
- Use AD/AS to show SR vs LR growth.
Examples & case studies
- China case study for export-led model.